Despite Financial Times FUD, Bitcoin Is Not Crypto
Too many continue to conflate Bitcoin with cryptocurrencies, but those arguments can be dismantled, step by step.This is an opinion editorial by Federico Rivi, an independent journalist and author of the Bitcoin Train newsletter.Would you say that soccer and baseball are part of the same industry because both playing fields are covered with grass and in both games a ball is involved? Would you say that Bitcoin and cryptocurrencies are part of the same industry just because they are both in the digital realm and cryptography is involved in both? The analogy is obvious but still too many....
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The Financial Times is running a story titled "FT Predictions: the world in 2015" where Financial Times writers offer their forecasts for the year ahead, from the oil price to Putin's next moves. Bitcoin makes the Financial Times list of important topics to watch with a headline "Will this be the year that bitcoin and other crypto currencies collapse?" The answer is: No. There are too many deep-pocketed interests standing ready to throw good money after bad defending the cryptocurrency experiment, thus preventing an outright or dramatic collapse. Nevertheless, the chances of bitcoin, the....
A top hedge fund manager is reported to have given Bitcoin an endorsement of sorts, reports the Financial Times. Michael Novogratz, macro fund co-chief at Fortress Investment Group said Bitcoin could be an effective way to transmit money to countries with less-than-impressive banking systems. Not only that, but Novogratz, along with colleagues at Fortress have taken "personal positions" in the cryptocurrency. The Financial Times report indicates that Fortress themselves have taken a look at Bitcoin, but subsequently decided it's "too speculative" for their funds. It's big news for the....
Whenever I need a laugh, I read a mainstream publication's assessment of Bitcoin, from the outside looking in. Many are merely mouthpieces, printed microphones for the current ruling global elite. They tell the masses what to believe, give them ten percent of the story, from the current ruler's purview, and then call it a day. Television, print media, cable, it's all the same. And that's why ad revenue, viewership, and circulations are dropping in mainstream media worldwide. The smart investment for your media time is online, alternative media, like CCN, for example. Things here will....
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned of hard times ahead for cryptocurrency investors as the Federal Reserve and other central banks tighten monetary policy. Bank of England’s Executive Warns About Crypto Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England (BOE), had a warning for crypto investors at a Wall Street Journal conference Tuesday, Reuters reported. The Bank of England executive cautioned that crypto investors should expect more difficult times ahead. He explained that as the Federal....
Readers who visit the Chicago Sun-Times today will notice something they aren't likely to have seen before: a bitcoin paywall separating them from their content. The Chicago Sun-Times is the ninth-largest newspaper in the United States, and the first major US publication to trial a bitcoin paywall. Instead of paying for a subscription, as patrons of the The Wall Street Journal or the Financial Times do, Chicago Sun-Times readers who visit the site on 1st February will be asked to donate bitcoin payments to the Taproot Foundation, or tweet about the nonprofit, in order to read articles. The....